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rick

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#1979 2008-08-01 20:26 GMT

Chris Cheesman

Digital camera sales rose 9% in the three months to 30 June compared to the same period last year, confirms Panasonic brand owner Matsushita.

Consolidated sales of digital cameras climbed to ¥65billion.

The figures include cameras that Matsushita Electrical Co Ltd makes for third parties, as well as Panasonic-branded models, according to a Panasonic UK spokeswoman.

Boosted by these 'favourable sales', overall sales of the group's Digital AVC Networks – which includes flat-panel TVs and DVD recorders - increased 5% to ¥975.5billion, according to financial statements released this week.

The group's net profit shot up 86% to ¥73billion. This was despite the 'negative effects of intensified global price competition and a stronger Yen against the US dollar, as well as rising prices for crude oil and other raw materials', adds the firm.

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